AsemconnectVietnam - On Thursday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area increased by 800 VND to VND59,300 – VND60,000 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND60,000/kg, while traders in Lam Dong province offered the lowest price of VND59,300. Robusta coffee increased to VND59,300 in Bao Loc, Di Linh, and Lam Ha; to VND59,900 – VND60,000 per kg in Dak Lak; to VND59,700 – VND59,800 in Dak Nong; to VND59,800 per kg in Kon Tum, and to VND59,700 – VND59,800 per kg in Gia Lai.
The EU will apply the above criteria to "label" countries or production regions within that country before the final decision is December 30, 2024. According to Managing Director of Forest Trends' Forest Policy, Trade, and Finance Initiative To Xuan Phuc, Vietnam will be in a disadvantageous position if the EU takes the product with the highest risk of deforestation as the basis for national risk labeling.
At the conference on the afternoon of November 4, representatives of authorities, associations and businesses said that the biggest difficulty that agricultural supply chains in Vietnam are facing when meeting new EU regulations is a database to locate forest areas, trace origin, and deploy an anti-deforestation monitoring system.
Because the preparation time until this regulation begins to apply is less than 18 months, it is necessary to urgently review products in the most risky areas in the agricultural supply chain, especially the smallholder sector. Accordingly, there needs to be a plan to collect and process information from millions of farming households according to new regulations on anti-deforestation.
Minister Le Minh Hoan determined that this is an opportunity to restructure industries related to forests and forestry economics such as coffee, rubber, wood and products processed from wood. Working to end deforestation and forest degradation is not only an EU regulation but a world trend in green growth towards a transparent, responsible and sustainable economy and agriculture.
Minister Le Minh Hoan encouraged industry associations to proactively prepare and implement the new changes though these changes bring difficulties. Without preparation for new changes, businesses will face more barriers, he said.
Following are domestic Robusta coffee prices on November 16, in Vietnam's Central Highlands:

 
T.Huong
Source: Vitic/Kinhtedothi